Which stock exchange closed for several days after Iceland's 2008 financial crash?

The Iceland Stock Exchange closed for several days after Iceland’s 2008 financial crash.

Iceland’s banking system had expanded dramatically before the crisis, with major banks building liabilities far larger than the country’s economy could easily support. When global credit markets seized up in 2008, Icelandic banks struggled to refinance their debts. Glitnir, Landsbanki, and Kaupthing were taken over by the Icelandic government in October.

Trading on the Iceland Stock Exchange was suspended on October 9, 2008, and the exchange later reopened with a sharply reduced list of shares. The OMX Iceland 15 index had fallen about 76 percent by the time trading resumed, making the collapse one of the most dramatic national equity-market declines of the crisis.

The exchange’s closure is sometimes confused with a permanent abolition of Icelandic stock trading. It was a temporary emergency measure. Iceland also allowed its currency, the króna, to depreciate substantially and sought assistance from the International Monetary Fund.